This classic Vermont farmhouse is brimming with potential and ready for a new chapter! Nestled on 2 acres of rural land, the home offers 3 bedrooms and 1 bathroom, providing a great start for your renovation dreams. The expansive lot, complete with an established apple tree, would be the perfect spot for a large garden. The house is conveniently located across the street from a convenience store and the Saint Albans Reservoir. The property borders an equestrian facility where local riders gather and riding competitions have been held there in the past. While the home does need significant updates or possibly a complete rebuild, its location is a true highlight. Just across from the Saint Albans Reservoir, you’ll have easy access to scenic views and recreational activities. The detached two-car garage will need to be rebuilt, but this offers an opportunity to create a space that fits your needs. The property is situated in a tranquil country setting but conveniently close to amenities: Saint Albans is only 15 minutes away, and Burlington is within a 35-minute drive, ensuring you’re never too far from shopping, dining, and cultural experiences. If you’re up for the challenge of restoring or reimagining this farmhouse, you’ll be rewarded with a peaceful retreat!
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $176,000 | $176,000 | $176,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $351 | $351 | $351 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,069 | $1,069 | $1,391 |
Total Monthly Payment | $1,495 | $1,495 | $1,817 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.